One single periodic tax return

1. Taxpayers will use the new periodic tax return form for almost all taxes that are unprompted taxes. The present monthly tax return will no longer be in use. The new periodic form will be submitted also by households who acting as employers. 
2. The filing date for the periodic tax return electronic report is the 12th day and for the paper report the 7th day of the month.  Returns must arrive in the tax office on those dates.  This is a change from the existing system, the 15th day of the month will no longer be the last date for sending the tax return.

Electronically filed tax returns must arrive in the tax office:

• First time 12 February 2010 - employers´ contributions for January 2010
• Next time 12 March 2010 - employers´ contributions for February 2010 and VAT for January 2010.
• And so on

3. In addition to the usual input and deductible VAT amounts, the new tax return will also include lines for taxpayer´s computation of VAT refundable and VAT subject to tax relief.  Tax Account will enable taxpayers to subtract refundable amounts from payable amounts. Under the previous system, refund application forms was used and taxpayers eligible for either refundable or tax-relief VAT (small-scale business) had to wait for their applications to be processed.
4. The procedure for correcting errors in filings will change.  Instead of re-submitting the entire form again, the taxpayer will only have to supply the lines and correct sums.

One single payment

* The taxpayer should calculate the sum of all taxes and make one transfer of funds to the Tax Administration´s bank account. 

* The due date is the 12th day of the month.

Small businesses are entitled to extended periods

The frequency of submitting tax returns and making payments can be extended.  This requires that the business is small, and has no unpaid taxes or tax returns.  Quarterly and yearly reporting will be applicable according to the following rules if:

* Annual net sales/turnover does not exceed €50,000, quarterly tax returns for VAT, withholding taxes, social security and source taxes will be permitted. 

* Annual net sales / turnover stays below €25,000, tax returns for VAT will be permitted once a year, and tax returns for withholding, social security and source taxes will be permitted once per quarter.